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Billionaire Icahn: Apple's shares are worth $240

Apple Inc., which already announced it was boosting its capital return program by $70 billion, should increase its stock buyback, Carl Icahn wrote in a letter to the company. “Apple is poised to enter and in our view dominate two new categories (the television next year and the automobile by 2020) with a combined addressable market of $2.2 trillion, a view investors don’t appear to factor into their valuation at

Watch the Lamborghini Aventador SV Break 7 Minutes at the ‘Ring

– Want to unleash an aural assault of 740 V-12 horses on your skull? Watch the fastest, lightest, most bonkers version of Lamborghini’s Aventador absolutely devour the Nürburgring with a lap time that appears to slice under the seven-minute barrier. – Naturally, this isn’t just any Aventador. It’s the Aventador LP750-4 Superveloce, the lightweight, aero-intensive, carbon-fiber-to-the-max screamer with 50 more horses and 110 fewer pounds than the off-the-rack model. Lamborghini will

Shi'ite forces move in on Iraqi city taken by Islamic State

A column of 3,000 Shi’ite militia fighters arrived at a military base near Ramadi on Monday as Baghdad moved to retake the western Iraqi city that has fallen to Islamic State militants in the biggest defeat for the government since mid-2014. Setting the stage for renewed fighting over the city, Islamic State militants advanced in armored vehicles from Ramadi towards the base where the Shi’ite paramilitaries were massing for a

Saudi-led air strikes hit Yemen after truce expires

By Mohammed Mukhashaf and Angus McDowall ADEN/RIYADH (Reuters) – Saudi-led forces resumed military operations in Yemen after a five-day ceasefire ended late on Sunday, and Yemen’s foreign minister blamed the Iranian-allied Houthis for failure to renew the truce. The end of the ceasefire came despite appeals by the United Nations and rights groups for extra time to allow the delivery of badly needed humanitarian supplies to the country of 25

Iran uses maritime confrontations to project power in Gulf

By Parisa Hafezi ANKARA (Reuters) – Iran is using its sea power in the Gulf to show it will not be cowed by Washington’s newly assertive Arab allies, prompting critics to accuse Tehran of destabilizing the region. Iranian ships fired shots at a Singapore-flagged tanker which it said damaged an Iranian oil platform, causing the vessel to flee, and seized a container ship in the Strait of Hormuz, the world’s